Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

s question: 1 point(S) Country A Country A Country B Government outlays Tax revenue Government outlays Country B Year (trillions of 2009 dollars) (trillions of

image text in transcribed
s question: 1 point(S) Country A Country A Country B Government outlays Tax revenue Government outlays Country B Year (trillions of 2009 dollars) (trillions of 2009 dollars) (trillions of 2009 dollars) Tax revenue (trillions of 2009 dollars) 2012 0.75 0.80 1.05 1.10 2013 0.80 0.83 0.90 0.92 2014 0.87 0.86 0.87 0.88 2015 0.95 0.95 0.85 0.83 2016 1.06 1.02 0.70 0.75 The above table gives the government outlays and tax revenues from 2012 through 2016 for two countries. In 2015 country A had a and country B had a O A. budget deficit; budget deficit B. balanced budget; budget deficit O C. budget surplus, balanced budget D. balanced budge; budget surplus O E. budget surplus; budget surplus O Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Local Consumption And Global Environmental Impacts Accounting, Trade-offs And Sustainability

Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu

1st Edition

1317577272, 9781317577270

More Books

Students also viewed these Economics questions